• Font-size
• 
• 

Insider Trades

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

As disclosed in the offer announcement dated 12 June 2020 (the "Offer Announcement") issued for and on behalf of Primero Investment Holdings Pte. Ltd. (the "Offeror") and the offer document dated 3 July 2020 (the "Offer Document"), PSG Holdings Pte. Ltd. ("PSGH") had undertaken to tender its 98,394,270 ordinary shares (the "PSGH Shares") in the capital of Perennial Real Estate Holdings Limited ("PREH") into the voluntary conditional cash offer (the "Offer") by the Offeror for all the issued and paid-up ordinary shares (the "Shares") in the capital of PREH, including all the Shares already owned, controlled or agreed to be acquired by parties acting or deemed to be acting in concert with the Offeror in relation to the Offer, but excluding Shares held in treasury. PSGH is deemed interested in 80,071,100 PSGH Shares held through bank nominees.

As also disclosed in the Offer Announcement and the Offer Document, PSGH has agreed to subscribe for new ordinary shares in the Offeror in cash, with the amount to be paid to the Offeror being set-off against the obligation of the Offeror to pay the offer price to PSGH for the PSGH Shares tendered in acceptance of the Offer.

The PSGH Shares were tendered on 14 July 2020 and 15 July 2020 and transferred on 30 July 2020. The Offer turned unconditional on 21 July 2020 and closed on 17 August 2020.

Shareholding percentage before and after the change in interest is computed based on the total number of 1,661,709,368 issued Shares, but excluding Shares held in treasury.

In this notice, figures are rounded to the nearest 0.01%, and any discrepancies in aggregated figures are due to rounding.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

As disclosed in the offer announcement dated 12 June 2020 issued for and on behalf of Primero Investment Holdings Pte. Ltd. (the "Offeror") and the offer document dated 3 July 2020, V3 Asset Pte. Ltd. ("V3") had undertaken to tender its 256,711,699 ordinary shares (the "V3 Shares") in the capital of Perennial Real Estate Holdings Limited ("PREH") into the voluntary conditional cash offer (the "Offer") by the Offeror for all the issued and paid-up ordinary shares (the "Shares") in the capital of PREH, including all the Shares already owned, controlled or agreed to be acquired by parties acting or deemed to be acting in concert with the Offeror in relation to the Offer, but excluding Shares held in treasury. V3 is deemed interested in the V3 Shares held through bank nominees.

As also disclosed in the Offer Announcement and the Offer Document, V3 has agreed to subscribe for new ordinary shares in the Offeror in cash, with the amount to be paid to the Offeror being set-off against the obligation of the Offeror to pay the offer price to V3 for the V3 Shares tendered in acceptance of the Offer.

The V3 Shares were tendered on 14 July 2020 and 21 July 2020, and were transferred on 30 July 2020. The Offer turned unconditional on 21 July 2020 and closed on 17 August 2020.

Shareholding percentage before and after the change in interest is computed based on the total number of 1,661,709,368 issued Shares, but excluding Shares held in treasury.

In this notice, figures are rounded to the nearest 0.01%, and any discrepancies in aggregated figures are due to rounding.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1645216141 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 99.01000000 (Deemed Interest)

As disclosed in the offer announcement dated 12 June 2020 (the "Offer Announcement") issued for and on behalf of Primero Investment Holdings Pte. Ltd. (the "Offeror") and the offer document dated 3 July 2020 (the "Offer Document"), HPRY Holdings Limited ("HPRY") had undertaken to tender 466,575,921 ordinary shares (the "HPRY Shares") in the capital of Perennial Real Estate Holdings Limited ("PREH") into the voluntary conditional cash offer (the "Offer") by the Offeror for all the issued and paid-up ordinary shares (the "Shares") in the capital of PREH, including all the Shares already owned, controlled or agreed to be acquired by parties acting or deemed to be acting in concert with the Offeror in relation to the Offer, but excluding Shares held in treasury. As also disclosed in the Offer Announcement and the Offer Document, HPRY has agreed to subscribe for new ordinary shares in the Offeror in cash, with the amount to be paid to the Offeror being set-off against the obligation of the Offeror to pay the offer price to HPRY for the HPRY Shares tendered in acceptance of the Offer.

The HPRY Shares were tendered on 14 July 2020 and transferred on 30 July 2020.

The Offer turned unconditional on 21 July 2020 and closed on 17 August 2020. As announced by the Offeror on 17 August 2020, the Offeror has received valid acceptances pursuant to the Offer for 1,645,216,141 Shares.

As HPRY holds more than 20% of the issued shares of the Offeror, HPRY is deemed interested in all the 1,645,216,141 Shares held by the Offeror by virtue of Section 4 of the SFA.

Shareholding percentage before and after the change in interest is computed based on the total number of 1,661,709,368 issued Shares, but excluding Shares held in treasury.

In this notice, figures are rounded to the nearest 0.01%, and any discrepancies in aggregated figures are due to rounding.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1645216141 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 99.01000000 (Deemed Interest)

As disclosed in the offer announcement dated 12 June 2020 (the "Offer Announcement") issued for and on behalf of Primero Investment Holdings Pte. Ltd. (the "Offeror") and the offer document dated 3 July 2020 (the "Offer Document"), WCA Pte. Ltd. ("WCA") had undertaken to tender its 333,028,874 ordinary shares (the "WCA Shares") in the capital of Perennial Real Estate Holdings Limited ("PREH") into the voluntary conditional cash offer (the "Offer") by the Offeror for all the issued and paid-up ordinary shares (the "Shares") in the capital of PREH, including all the Shares already owned, controlled or agreed to be acquired by parties acting or deemed to be acting in concert with the Offeror in relation to the Offer, but excluding Shares held in treasury. As also disclosed in the Offer Announcement and the Offer Document, WCA has agreed to subscribe for new ordinary shares in the Offeror in cash, with the amount to be paid to the Offeror being set-off against the obligation of the Offeror to pay the offer price to WCA for the WCA Shares tendered in acceptance of the Offer.

The WCA Shares were tendered on 14 July 2020 and transferred on 30 July 2020.

The Offer turned unconditional on 21 July 2020 and closed on 17 August 2020. As announced by the Offeror on 17 August 2020, the Offeror has received valid acceptances pursuant to the Offer for 1,645,216,141 Shares.

As WCA holds more than 20% of the issued shares of the Offeror, WCA is deemed interested in all the 1,645,216,141 Shares held by the Offeror by virtue of Section 4 of the SFA.

WCA is a wholly-owned subsidiary of Wilmar International Limited.

Shareholding percentage before and after the change in interest is computed based on the total number of 1,661,709,368 issued Shares, but excluding Shares held in treasury.

In this notice, figures are rounded to the nearest 0.01%, and any discrepancies in aggregated figures are due to rounding.

Remarks
As disclosed in the offer announcement dated 12 June 2020 (the "Offer Announcement") issued for and on behalf of Primero Investment Holdings Pte. Ltd. (the "Offeror") and the offer document dated 3 July 2020 (the "Offer Document"), WCA Pte. Ltd. ("WCA") had undertaken to tender its 333,028,874 ordinary shares (the "WCA Shares") in the capital of Perennial Real Estate Holdings Limited ("PREH") into the voluntary conditional cash offer (the "Offer") by the Offeror for all the issued and paid-up ordinary shares (the "Shares") in the capital of PREH, including all the Shares already owned, controlled or agreed to be acquired by parties acting or deemed to be acting in concert with the Offeror in relation to the Offer, but excluding Shares held in treasury. As also disclosed in the Offer Announcement and the Offer Document, WCA has agreed to subscribe for new ordinary shares in the Offeror in cash, with the amount to be paid to the Offeror being set-off against the obligation of the Offeror to pay the offer price to WCA for the WCA Shares tendered in acceptance of the Offer.

The WCA Shares were tendered on 14 July 2020 and transferred on 30 July 2020.

The Offer turned unconditional on 21 July 2020 and closed on 17 August 2020. As announced by the Offeror on 17 August 2020, the Offeror has received valid acceptances pursuant to the Offer for 1,645,216,141 Shares.

As WCA holds more than 20% of the issued shares of the Offeror, WCA is deemed interested in all the 1,645,216,141 Shares held by the Offeror by virtue of Section 4 of the SFA.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 1645216141 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 99.01000000 (Deemed Interest)

As Wilmar International Limited ("Wilmar") is a 100% shareholder of WCA, Wilmar is deemed interested in all the 1,645,216,141 Shares that WCA is deemed interested in by virtue of Section 4 of the SFA.

WCA is a wholly-owned subsidiary of Wilmar International Limited.

Shareholding percentage before and after the change in interest is computed based on the total number of 1,661,709,368 issued Shares, but excluding Shares held in treasury.

In this notice, figures are rounded to the nearest 0.01%, and any discrepancies in aggregated figures are due to rounding.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 256711699 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 15.45000000 (Direct Interest); 0.00000000 (Deemed Interest)

On 12 June 2020 (the "Announcement Date"), United Overseas Bank Limited and DBS Bank Ltd. announced, for and on behalf of Primero Investment Holdings Pte. Ltd. (the "Offeror"), that the Offeror intends to make a voluntary conditional cash offer (the "Offer") for all the issued and paid-up ordinary shares ("Shares") in the capital of Perennial Real Estate Holdings Limited, including all the Shares already owned, controlled or agreed to be acquired by parties acting or deemed to be acting in concert with the Offeror in relation to the Offer, but excluding Shares held in treasury (the "Offer Announcement").

In connection with the Offer, Mr Ron Sim Chye Hock ("RS"), together with V3 Asset Pte. Ltd. ("V3"), provided an irrevocable undertaking (the "Irrevocable Undertaking") to (i) accept, or procure the acceptance of, the Offer in respect of the 256,711,699 Shares that are held or controlled by them; and (ii) defer receipt of the consideration payable for the 256,711,699 Shares that are tendered in acceptance of the Offer to a date after the close of the Offer.

As disclosed in the Offer Announcement, V3 would be acquiring the 256,711,699 Shares that are held by RS and Mdm Teo Sway Heong ("Mdm Teo") and tendering such Shares in acceptance of the Offer in accordance with the Irrevocable Undertaking provided by RS (together with V3).

On 30 June 2020 and 1 July 2020, RS transferred an aggregate of 248,740,784 Shares to V3.

On 17 July 2020, RS completed a transfer of 5,911,880 Shares at a consideration per Share (excluding brokerage fees, clearing fees and applicable taxes) of S$0.945 to V3 (the "RS Transfer").

On 17 July 2020, Mdm Teo completed a transfer of 2,059,035 Shares at a consideration per Share (excluding brokerage fees, clearing fees and applicable taxes) of S$0.945 to V3 (the "TSH Transfer", and together with the RS Transfer, the "Transfers").

Following the completion of the Transfers, V3 directly holds an aggregate of 256,711,699 Shares.

Shareholding percentage after the change in interest is computed based on the total number of 1,661,709,368 issued Shares, but excluding Shares held in treasury.

In this notice, figures are rounded to the nearest 0.01%, and any discrepancies in aggregated figures are due to rounding.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 248740784 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 14.97000000 (Direct Interest); 0.00000000 (Deemed Interest)

On 12 June 2020 (the "Announcement Date"), United Overseas Bank Limited and DBS Bank Ltd. announced, for and on behalf of Primero Investment Holdings Pte. Ltd. (the "Offeror"), that the Offeror intends to make a voluntary conditional cash offer (the "Offer") for all the issued and paid-up ordinary shares ("Shares") in the capital of Perennial Real Estate Holdings Limited, including all the Shares already owned, controlled or agreed to be acquired by parties acting or deemed to be acting in concert with the Offeror in relation to the Offer, but excluding Shares held in treasury (the "Offer Announcement").

In connection with the Offer, Mr Ron Sim Chye Hock ("RS"), together with V3 Asset Pte. Ltd. ("V3"), provided an irrevocable undertaking (the "Irrevocable Undertaking") to (i) accept, or procure the acceptance of, the Offer in respect of the 256,711,699 Shares that are held or controlled by them; and (ii) defer receipt of the consideration payable for the 256,711,699 Shares that are tendered in acceptance of the Offer to a date after the close of the Offer.

As disclosed in the Offer Announcement, V3 will be acquiring the 256,711,699 Shares that are held by RS and Mdm Teo and tendering such Shares in acceptance of the Offer in accordance with the Irrevocable Undertaking provided by RS (together with V3).

On 30 June 2020, RS completed a transfer of 120,384,935 Shares at a consideration per Share (excluding brokerage fees, clearing fees and applicable taxes) of S$0.94 to V3 (the "30 June Transfer").

On 1 July 2020, RS completed a transfer of 128,355,849 Shares at a consideration per Share (excluding brokerage fees, clearing fees and applicable taxes) of S$0.95 to V3 (the "1 July Transfer", and together with the 30 June Transfer, the "Transfers").

Following the completion of the Transfers, V3 directly holds an aggregate of 248,740,784 Shares.

Shareholding percentage after the change in interest is computed based on the total number of 1,661,709,368 issued Shares, but excluding Shares held in treasury.

In this notice, figures are rounded to the nearest 0.01%, and any discrepancies in aggregated figures are due to rounding.

Remarks
Transfer of 15,000,000 PREHL shares from direct CDP securities account of PSG Holdings Pte. Ltd. to a bank nominee for the account of Mr Pua Seck Guan ("Transfer").

Mr Pua Seck Guan holds 100% interest in PSG Holdings Pte. Ltd., and is therefore deemed to be interested in all of the PREHL shares in which PSG Holdings Pte. Ltd. has an interest.

Immediately after the transaction

No. of ordinary voting shares/units held: 18323170 (Direct Interest); 80071100 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 1.10000000 (Direct Interest); 4.82000000 (Deemed Interest)

The deemed interest of PSG Holdings Pte. Ltd. arises from PREHL shares held in the name of bank nominees.

The direct and/or deemed interests as a percentage of the total number of voting shares are derived based on 1,661,709,368 issued voting shares of PREHL as at 14 May 2020.

Remarks
Acquisition of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 465301134 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.00000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest arises from the shares registered in the name of bank nominees for the account of HPRY Holdings Limited. The percentages are computed based on 1,661,709,368 voting shares (excluding treasury shares) in Perennial Real Estate Holdings Limited as at 20 November 2019.

Remarks
Transfer of a total of 400,000 shares in Perennial Real Estate Holdings Limited ("PREHL") to trust accounts controlled by Mr Kuok Khoon Hong, the sole member of HPRY Holdings Limited ("HPRY"), by way of gift. Mr Kuok, a Director and Substantial Shareholder of PREHL, is deemed to have an interest in the abovementioned 400,000 shares held in the aforesaid trust accounts. Hence, Mr Kuok's deemed interest in PREHL remains unchanged. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 464502534 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.95000000 (Deemed Interest)

HPRY's deemed interest arises from the shares registered in the name of bank nominees for the account of HPRY. The percentages are computed based on 1,661,709,368 voting shares (excluding treasury shares) in PREHL as at 27 May 2019.

Remarks
Acquisition of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 474281234 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.51000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest arises from the shares registered in the name of bank nominees for the account of HPRY Holdings Limited. The percentages are computed based on 1,663,575,068 voting shares (excluding treasury shares) in PREHL as at 9 March 2018.

Remarks
Transfer of 10 million shares in PREHL to two trust accounts controlled by Mr Kuok Khoon Hong, the sole member of HPRY . Mr Kuok Khoon Hong, a Director and Substantial Shareholder of PREHL, is deemed interested in the aforesaid 10 million shares. Hence, Mr Kuok's deemed interest in PREHL remains unchanged. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 464281234 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 27.91000000 (Deemed Interest)

HPRY's deemed interest arises from the shares registered in the name of bank nominees for the account of HPRY. The percentages are computed based on 1,663,575,068 voting shares (excluding treasury shares) in PREHL as at 9 March 2018.

Remarks
Acquisition of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 473309334 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 28.42000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest arises from the shares registered in the name of bank nominees for the account of HPRY Holdings Limited. The percentages are computed based on 1,665,144,368 issued voting shares in Perennial Real Estate Holdings Limited as at 29 November 2017.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$45,551,978.64 Immediately after the transaction

No. of ordinary voting shares/units held: 55244885 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 3.32000000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentages of total number of voting shares are computed based on 1,665,144,368 issued voting shares of Perennial Real Estate Holdings Limited as at 27 November 2017

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 55244885 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 3.32000000 (Deemed Interest)

Mr Darwin Indigo is deemed to be interested in all Perennial Real Estate Holdings Limited ("PREHL") shares held by Burlingham International Ltd ("Burlingham"). Burlingham has sold a total of 51,716,597 PREHL shares on 27 Nov 2017 ("Sale"). Following the completion of the Sale, Mr Darwin Indigo's deemed interest in PREHL has accordingly reduced by 51,716,597 shares. The percentages of total number of voting shares are computed based on 1,665,144,368 issued voting shares of Perennial Real Estate Holdings Limited as at 27 November 2017

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 55244885 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 3.32000000 (Deemed Interest)

Golden Parklane Limited ("GPL") is deemed to be interested in all Perennial Real Estate Holdings Limited ("PREHL") shares held by Burlingham International Ltd ("Burlingham"). Burlingham has sold a total of 51,716,597 PREHL shares on 27 Nov 2017 ("Sale"). Following the completion of the Sale, GPL's deemed interest in PREHL has accordingly reduced by 51,716,597 shares. The percentages of total number of voting shares are computed based on 1,665,144,368 issued voting shares of Perennial Real Estate Holdings Limited as at 27 November 2017

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 55244885 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 3.32000000 (Deemed Interest)

Mr Martua Sitorus is deemed to be interested in all Perennial Real Estate Holdings Limited ("PREHL") shares held by Burlingham International Ltd ("Burlingham"). Burlingham has sold a total of 51,716,597 PREHL shares on 27 Nov 2017 ("Sale"). Following the completion of the Sale, Mr Martua Sitorus' deemed interest in PREHL has accordingly reduced by 51,716,597 shares. The percentages of total number of voting shares are computed based on 1,665,144,368 issued voting shares of Perennial Real Estate Holdings Limited as at 27 November 2017

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 55244885 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 3.32000000 (Deemed Interest)

Success Premium Limited ("Success") is deemed to be interested in all Perennial Real Estate Holdings Limited ("PREHL") shares held by Burlingham International Ltd ("Burlingham"). Burlingham has sold a total of 51,716,597 PREHL shares on 27 Nov 2017 ("Sale"). Following the completion of the Sale, Success's deemed interest in PREHL has accordingly reduced by 51,716,597 shares. The percentages of total number of voting shares are computed based on 1,665,144,368 issued voting shares of Perennial Real Estate Holdings Limited as at 27 November 2017

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 55244885 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 3.32000000 (Deemed Interest)

Bonoto Investments Limited ("Bonoto") is deemed to be interested in all Perennial Real Estate Holdings Limited ("PREHL") shares held by Burlingham International Ltd ("Burlingham"). Burlingham has sold a total of 51,716,597 PREHL shares on 27 Nov 2017 ("Sale"). Following the completion of the Sale, Bonoto's deemed interest in PREHL has accordingly reduced by 51,716,597 shares. The percentages of total number of voting shares are computed based on 1,665,144,368 issued voting shares of Perennial Real Estate Holdings Limited as at 27 November 2017

Remarks
Acquisition of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 333028874 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 20.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentages are computed based on 1,665,144,368 issued voting shares in Perennial Real Estate Holdings Limited as at 27 November 2017.

Remarks
Acquisition of 51,716,597 shares in Perennial Real Estate Holdings Limited by WCA Pte. Ltd., a wholly-owned subsidiary of Wilmar International Limited ("WIL"), via an off-market transaction. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 333028874 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 20.00000000 (Deemed Interest)

WIL's deemed interest arises from its shareholding in WCA Pte. Ltd.. The percentages are computed based on 1,665,144,368 issued voting shares in Perennial Real Estate Holdings Limited as at 27 November 2017.

Remarks
Acquisition of all 281,312,277 shares in Perennial Real Estate Holdings Limited by WCA Pte. Ltd. from Wii Pte. Ltd., both of which are wholly-owned subsidiaries of Wilmar International Limited via an off-market transaction. Immediately after the transaction

No. of ordinary voting shares/units held: 281312277 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 16.89000000 (Direct Interest); 0.00000000 (Deemed Interest)

The interest as a percentage figure of the total number of voting shares is derived based on the total issued share capital of the Company, being 1,665,144,368 shares.

Remarks
Disposal of all 281,312,277 shares in Perennial Real Estate Holdings Limited owned by Wii Pte. Ltd. to WCA Pte. Ltd., both of which are wholly-owned subsidiaries of Wilmar International Limited via an off-market transaction. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

The interest as a percentage figure of the total number of voting shares is derived based on the total issued share capital of the Company, being 1,665,144,368 shares.

Remarks
Burlingham International Ltd receives 36,159,000 ordinary shares of Perennial Real Estate Holdings Limited ("PREHL") from Shun Yi Holdings Limited by way of distribution in specie. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 106961482 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.42000000 (Deemed Interest)

Golden Parklane Limited is deemed to be interested in all PREHL shares held by Burlingham International Ltd.

Remarks
Burlingham International Ltd receives 36,159,000 ordinary shares of Perennial Real Estate Holdings Limited ("PREHL") from Shun Yi Holdings Limited by way of distribution in specie. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 106961482 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.42000000 (Deemed Interest)

Mr Martua Sitorus is deemed to be interested in all PREHL shares held by Burlingham International Ltd.

Remarks
Burlingham International Ltd receives 36,159,000 ordinary shares of Perennial Real Estate Holdings Limited ("PREHL") from Shun Yi Holdings Limited by way of distribution in specie. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 106961482 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.42000000 (Deemed Interest)

Success Premium Limited is deemed to be interested in all PREHL shares held by Burlingham International Ltd.

Remarks
Burlingham International Ltd receives 36,159,000 ordinary shares of Perennial Real Estate Holdings Limited ("PREHL") from Shun Yi Holdings Limited by way of distribution in specie. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 106961482 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.42000000 (Deemed Interest)

Bonoto Investments Limited is deemed to be interested in all PREHL shares held by Burlingham International Ltd.

Remarks
Burlingham International Ltd receives 36,159,000 ordinary shares of Perennial Real Estate Holdings Limited ("PREHL") from Shun Yi Holdings Limited by way of distribution in specie. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 106961482 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.42000000 (Deemed Interest)

Mr Darwin Indigo is deemed to be interested in all PREHL shares held by Burlingham International Ltd.

Remarks
Burlingham International Ltd receives 36,159,000 ordinary shares of Perennial Real Estate Holdings Limited ("PREHL") from Shun Yi Holdings Limited by way of distribution in specie. Immediately after the transaction

No. of ordinary voting shares/units held: 106961482 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 6.42000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Shun Yi Holdings Limited has approved the distribution of its entire 81,006,683 shares held in Perennial Real Estate Holdings Limited ("PREHL Shares") to its shareholders including HPRY Holdings Limited ("HPRY") by way of distribution in specie. Resulting from the aforesaid distribution, HPRY has acquired a total of 36,180,683 PREHL Shares (to be registered in the name of a bank nominee for the account of HPRY). Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 443309334 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 26.62000000 (Deemed Interest)

HPRY's deemed interest arises from the shares registered in the name of bank nominees for the account of HPRY. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,665,144,368 shares.

Remarks
Acquisition of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 228480927 (Direct Interest); 40297050 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 13.72000000 (Direct Interest); 2.42000000 (Deemed Interest)

Wii 's deemed interest arises from the shares registered in the name of bank nominees for the account of Wii. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,665,144,368 shares.

Remarks
Consequential to the change in the percentage level of interest in PREHL after acquisition of 3,087,800 shares by Wii Pte. Ltd. ("Wii"), a 100% owned subsidiary of Wilmar International Limited. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 268777977 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 16.14000000 (Deemed Interest)

Wilmar International Limited's deemed interest arises from its shareholding in Wii as well as the shares registered in the name of bank nominees for the account of Wii. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,665,144,368 shares.

Remarks
Perennial Real Estate Holdings Pte. Ltd. ("PREHPL") has, pursuant to a capital reduction exercise, distributed an aggregate of 553,236,274 shares in PREHL, comprising all the PREHL shares held by PREHPL, to the shareholders of PREHPL. As a consequence of said capital reduction, PSG has acquired a direct interest in 110,647,255 PREHL shares and ceased to hold a deemed interest in the remaining PREHL shares previously held by PREHPL. PSG is wholly-owned by Pua Seck Guan. Immediately after the transaction

No. of ordinary voting shares/units held: 120323170 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 7.22000000 (Direct Interest); 7.22000000 (Deemed Interest)

The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transactions are derived based on the total issued share capital of the Company, being 1,665,144,368 shares.

Remarks
Perennial Real Estate Holdings Pte. Ltd. ("PREHPL") has, pursuant to a capital reduction exercise, distributed an aggregate of 553,236,274 shares in PREHL, comprising all the PREHL shares held by PREHPL, to the shareholders of PREHPL. Piermont has nominated its holdings company, Wii Pte. Ltd., to receive the 110,094,018 PREHL shares under the said capital reduction. As a consequence of said nomination, Piermont ceases to hold a deemed interest in the 110,094,018 PREHL shares due to it under the said capital reduction. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Perennial Real Estate Holdings Pte. Ltd. ("PREHPL") has, pursuant to a capital reduction exercise, distributed an aggregate of 553,236,274 shares in PREHL, comprising all the PREHL shares held by PREHPL, to the shareholders of PREHPL, including Piermont Holdings Limited ("Piermont").Wii, was nominated by its wholly-owned subsidiary, Piermont, to receive its proportion of the PREHL shares to be distributed and pursuant to such nomination, Wii has acquired a direct interest in 110,094,018 PREHL shares. Immediately after the transaction

No. of ordinary voting shares/units held: 218343627 (Direct Interest); 40297050 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 13.11000000 (Direct Interest); 2.42000000 (Deemed Interest)

Wii's deemed interest arises from the shares registered in the name of bank nominees for the account of Wii. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transactions are derived based on the total issued share capital of the Company, being 1,665,144,368 shares.

Remarks
Perennial Real Estate Holdings Pte. Ltd. ("PREHPL") has, pursuant to a capital reduction exercise, distributed an aggregate of 553,236,274 shares in PREHL, comprising all the PREHL shares held by PREHPL, to the shareholders of PREHPL, including Piermont Holdings Limited ("Piermont").As a consequence of said capital reduction, Piermont has acquired a direct interest in 110,094,018 PREHL shares. Immediately after the transaction

No. of ordinary voting shares/units held: 110094018 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 6.61000000 (Direct Interest); 0.00000000 (Deemed Interest)

The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transactions are derived based on the total issued share capital of the Company, being 1,665,144,368 shares.

Remarks
Perennial Real Estate Holdings Pte. Ltd. ("PREHPL") has, pursuant to a capital reduction exercise, distributed an aggregate of 553,236,274 shares in PREHL, comprising all the PREHL shares held by PREHPL, to the shareholders of PREHPL (including HPRY). As a consequence of said capital reduction, HPRY has acquired a total of 177,035,608 PREHL shares (to be registered in the name of bank nominees for the account of HPRY) and ceased to hold a deemed interest in the remaining PREHL shares previously held by PREHPL. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 407128651 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 24.45000000 (Deemed Interest)

HPRY's deemed interest arises from the shares registered in the name of bank nominees for the account of HPRY. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transactions are derived based on the total issued share capital of the Company, being 1,665,144,368 shares.

Remarks
PREHPL has, pursuant to a capital reduction exercise, distributed an aggregate of 553,236,274 shares in PREHL, comprising all the PREHL shares held by PREHPL, to the shareholders of PREHPL. As a consequence of said capital reduction,PREHPL has ceased to hold any PREHL shares. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transactions are derived based on the total issued share capital of the Company, being 1,665,144,368 shares.

Remarks
Wii Pte. Ltd. ("Wii") was nominated by its direct wholly-owned subsidiary, Piermont Holdings Limited, a shareholder of Perennial Real Estate Holdings Pte. Ltd. ("PREH"), to receive a total of 49,513,207 shares in Perennial Real Estate Holdings Limited (the "Company") from PREH by way of declaration of dividend by distribution in specie. Immediately after the transaction

No. of ordinary voting shares/units held: 98637209 (Direct Interest); 40297050 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 5.96000000 (Direct Interest); 2.43000000 (Deemed Interest)

Wii's deemed interest arises from the shares registered in the name of bank nominees for the account of Wii. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,655,468,453 shares.

Remarks
Wii Pte. Ltd. ("Wii"), a direct wholly-owned subsidiary of Wilmar International Limited, was nominated by its direct wholly-owned subsidiary, Piermont Holdings Limited, a shareholder of Perennial Real Estate Holdings Pte. Ltd. ("PREH"), to receive a total of 49,513,207 shares in Perennial Real Estate Holdings Limited (the "Company") from PREH by way of declaration of dividend by distribution in specie. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 138934259 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 8.39000000 (Deemed Interest)

Wilmar International Limited's deemed interest arises from its shareholding in Wii as well as the shares registered in the name of bank nominees for the account of Wii. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,655,468,453 shares.

Remarks
HPRY received a total of 79,619,227 shares (the "Shares") in the Company from PREH by way of declaration of dividend by distribution in specie. The Shares were registered in the name of bank nominees for the account of HPRY. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 783329317 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 47.32000000 (Deemed Interest)

HPRY's deemed interest arises from its shareholding in PREH and the shares registered in the name of bank nominees for the account of HPRY. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,655,468,453 shares.

Remarks
As a consequence of the declaration of dividend by distribution in specie of a total of 248,810,085 Perennial Real Estate Holdings Limited's shares by Perennial Real Estate Holdings Pte. Ltd. ("PREH") to its shareholders, the deemed interest of PREH in Perennial Real Estate Holdings Limited (the "Company") was diluted and accordingly, the deemed interest of HPRY Holdings Limited ("HPRY") (who holds more than 20% interest in the share capital of PREH) in the Company was also diluted. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 703710090 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 42.51000000 (Deemed Interest)

HPRY's deemed interest arises from its shareholding in PREH and the shares registered in the name of bank nominees for the account of HPRY. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,655,468,453 shares.

Remarks
As a result of the declaration of dividend in specie of 248,810,085 PREHL's ordinary shares to the shareholders of PREH, the interest of PREH in PREHL was diluted. Immediately after the transaction

No. of ordinary voting shares/units held: 553236274 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 33.42000000 (Direct Interest); 0.00000000 (Deemed Interest)

The direct and/or deemed interests as a percentage figure of the total number of voting shares are derived based on the total issued share capital of the Company, being 1,655,468,453 shares.

Remarks
Wii Pte. Ltd. ("Wii"), a wholly-owned subsidiary of Wilmar International Limited, has acquired 8,000,000 shares of Perennial Real Estate Holdings Limited (the "Company") via off-market transactions at S$0.90 per share. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 89286152 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 5.39000000 (Deemed Interest)

Wilmar International Limited's deemed interest arises from its shareholding in Wii as well as the shares registered in the name of bank nominees for the account of Wii. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,655,468,453 shares.

Remarks
Acquisition of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 48989102 (Direct Interest); 40297050 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 2.96000000 (Direct Interest); 2.43000000 (Deemed Interest)

Wii Pte. Ltd. ("Wii") 's deemed interest arises from the shares registered in the name of bank nominees for the account of Wii. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,655,468,453 shares.

Remarks
Repayment of advance of S$21,488,653.03 owed by Perennial (Capitol) Holdings Pte. Ltd. ("PCAP") to PREHPL via the transfer of 16,092,686 ordinary shares in PREHL. Immediately after the transaction

No. of ordinary voting shares/units held: 751446955 (Direct Interest); 55197342 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 45.39000000 (Direct Interest); 3.33000000 (Deemed Interest)

PREHPL's deemed interest in the shares arises from its shareholding in PCAP. As a result of the repayments of loans and declaration of dividend in specie, the total shareholdings of 72,757,033 PREHL shares held by PCAP will be distributed to its shareholders, PREHPL and Mr. Pua Seck Guan. A total of 17,559,691 ordinary shares in PREHL held by PCAP were transferred for repayment of loans. The direct and/or deemed interests as a percentage figure of the total number of voting shares are derived based on the total issued share capital of the Company, being 1,655,468,453 shares.

Remarks
Declaration of dividend in specie of 55,197,342 PREHL's ordinary shares to the shareholders of PCAP of which 50,599,404 ordinary shares in PREHL are distributed to PREHPL. Immediately after the transaction

No. of ordinary voting shares/units held: 802046359 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 48.45000000 (Direct Interest); 0.00000000 (Deemed Interest)

PREHPL's deemed interest in the shares arises from its shareholding in PCAP. As a result of the repayments of loans and declaration of dividend in specie, the total shareholdings of 72,757,033 PREHL shares held by PCAP will be distributed to its shareholders, PREHPL and Mr. Pua Seck Guan. A total of 55,197,342 ordinary shares in PREHL were transferred for dividend in specie. The direct and/or deemed interests as a percentage figure of the total number of voting shares are derived based on the total issued share capital of the Company, being 1,655,468,453 shares.

Remarks
As a consequence of the (i) repayment of advance owing to its shareholders by Perennial Capitol Holdings Pte.Ltd. ("PCH"), a direct 91.67% owned subsidiary of Perennial Real Estate Holdings Pte. Ltd. ("PREH"), by way of transferring the Company's shares and (ii) declaration of dividend by distribution in specie of the Company's shares by PCH to its shareholders, the deemed interest of PREH in the Company was diluted and accordingly, the interest of HPRY Holdings Ltd (who is deemed to have an interest in PREH) was diluted too. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 952520175 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 57.54000000 (Deemed Interest)

Immediately after the transaction: HPRY Holdings Limited is deemed interested in the Company's shares through its shareholdings in Perennial Real Estate Holdings Pte. Ltd. and the shares registered in the name of bank nominees for the account of HPRY Holdings Limited. The direct and/or deemed interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,655,468,453 shares.

Remarks
7,152,252 shares were allotted and issued to Perennial Real Estate Holdings Pte. Ltd. (through which HPRY Holdings Limited holds a deemed interest in the Company) pursuant to adjustments to the net asset value of the target entities in relation to the Deferred Beijing Acquisition Closing (as defined in the Company's circular to shareholders dated 18 September 2014). Immediately after the transaction

No. of ordinary voting shares/units held: 134587166 (Direct Interest); 823997952 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 8.14000000 (Direct Interest); 49.86000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest in the shares arises from its shareholdings in Perennial Real Estate Holdings Pte. Ltd. and Perennial (Capitol) Holdings Pte. Ltd. as well as the shares registered in the name of bank nominees for the account of HPRY Holdings Limited. Prior to the transaction, the direct and/or deemed interests as a percentage figure of the total number of voting shares are derived based on the total issued share capital of the Company, being 1,643,839,119 shares. After the transaction, the direct and/or deemed interests as a percentage figure of the total number of voting shares are derived based on the total issued share capital of the Company, being 1,652,536,020 shares.

Remarks
Allotment and issuance of 290,023,706 shares to Perennial Real Estate Holdings Pte. Ltd. pursuant to the Deferred Beijing Acquisition Closing (as defined in the Company's circular to shareholders dated 18 September 2014). Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$387,270,266.10 Immediately after the transaction

No. of ordinary voting shares/units held: 728202017 (Direct Interest); 72757033 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 44.30000000 (Direct Interest); 4.43000000 (Deemed Interest)

Perennial Real Estate Holdings Pte. Ltd.'s deemed interest in the shares arises from its shareholding in Perennial (Capitol) Holdings Pte. Ltd. Prior to the transaction, the direct and/or deemed interests as a percentage figure of the total number of voting shares are derived based on the total issued share capital of the Company, being 1,287,227,135 shares. After the transaction, the direct and/or deemed interests as a percentage figure of the total number of voting shares are derived based on the total issued share capital of the Company, being 1,643,839,119 shares.

Remarks
290,023,706 shares were allotted and issued to Perennial Real Estate Holdings Pte. Ltd. (through which HPRY Holdings Limited holds a deemed interest in the Company) pursuant to the Deferred Beijing Acquisition Closing (as defined in the Company's circular to shareholders dated 18 September 2014). Immediately after the transaction

No. of ordinary voting shares/units held: 134587166 (Direct Interest); 816845700 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 8.19000000 (Direct Interest); 49.69000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest in the shares arises from its shareholdings in Perennial Real Estate Holdings Pte. Ltd. and Perennial (Capitol) Holdings Pte. Ltd. as well as the shares registered in the name of bank nominees for the account of HPRY Holdings Limited. Prior to the transaction, the direct and/or deemed interests as a percentage figure of the total number of voting shares are derived based on the total issued share capital of the Company, being 1,287,227,135 shares. After the transaction, the direct and/or deemed interests as a percentage figure of the total number of voting shares are derived based on the total issued share capital of the Company, being 1,643,839,119 shares.

Remarks
Acquisition of 9,100 shares via market transactions registered in the name of a bank nominee for the account of HPRY Holdings Limited. Immediately after the transaction

No. of ordinary voting shares/units held: 134587166 (Direct Interest); 526370244 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 10.46000000 (Direct Interest); 40.89000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest in the shares arises from its shareholdings in Perennial Real Estate Holdings Pte. Ltd. and Perennial (Capitol) Holdings Pte. Ltd. as well as the shares registered in the name of bank nominees for the account of HPRY Holdings Limited. The direct and/or indirect interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,287,227,135 shares.

Remarks
Acquisition of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 147137166 (Direct Interest); 510935344 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 11.63000000 (Direct Interest); 40.39000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest in the shares arises from its shareholdings in Perennial Real Estate Holdings Pte. Ltd. and Perennial (Capitol) Holdings Pte. Ltd.. The direct and/or indirect interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,265,102,374 shares.

Remarks
The share capital of the Company has increased following the allotment and issuance of 49,262,437 new shares in relation to the adjustments for NAV. Perennial Real Estate Holdings Pte. Ltd. received 13,993,124 new shares of the Company in relation to the adjustments for NAV. Immediately after the transaction

No. of ordinary voting shares/units held: 438178311 (Direct Interest); 72757033 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 34.64000000 (Direct Interest); 5.75000000 (Deemed Interest)

Perennial Real Estate Holdings Pte. Ltd.'s deemed interest in the shares arises from its shareholding in Perennial (Capitol) Holdings Pte. Ltd.. The direct and/or indirect interests as a percentage figure of the total number of voting shares immediately before the transaction are derived based on the total issued share capital of the Company, being 1,215,839,937 shares. The direct and/or indirect interests as a percentage figure of the total number of voting shares immediately after the transaction are derived based on the total issued share capital of the Company, being 1,265,102,374 shares.

Remarks
The share capital of the Company has increased following the allotment and issuance of 49,262,437 new shares in relation to the adjustments for NAV. Perennial (Capitol) Holdings Pte. Ltd. received 14,812,446 new shares of the Company in relation to the adjustments for NAV. Immediately after the transaction

No. of ordinary voting shares/units held: 72757033 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 5.75000000 (Direct Interest); 0.00000000 (Deemed Interest)

The direct and/or indirect interests as a percentage figure of the total number of voting shares immediately before the transaction are derived based on the total issued share capital of the Company, being 1,215,839,937 shares. The direct and/or indirect interests as a percentage figure of the total number of voting shares immediately after the transaction are derived based on the total issued share capital of the Company, being 1,265,102,374 shares.

Remarks
Acquisition of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 139724166 (Direct Interest); 510935344 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 11.04000000 (Direct Interest); 40.39000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest in the shares arises from its shareholdings in Perennial Real Estate Holdings Pte. Ltd. and Perennial (Capitol) Holdings Pte. Ltd.. The direct and/or indirect interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,265,102,374 shares.

Remarks
Acquisition of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 139403166 (Direct Interest); 510935344 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 11.02000000 (Direct Interest); 40.39000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest in the shares arises from its shareholdings in Perennial Real Estate Holdings Pte. Ltd. and Perennial (Capitol) Holdings Pte. Ltd.. The direct and/or indirect interests as a percentage figure of the total number of voting shares immediately before and immediately after the transaction are derived based on the total issued share capital of the Company, being 1,265,102,374 shares.

Remarks
The share capital of the Company has increased following the allotment and issuance of 49,262,437 new shares in relation to the adjustments for NAV. Out of 49,262,437 new shares, a total of 28,805,570 new shares were issued to Perennial Real Estate Holdings Pte. Ltd. and Perennial (Capitol) Holdings Pte. Ltd. in which HPRY Holdings Limited ("HPRY") is deemed to have an interest. HPRY received 90,536 new shares of the Company in relation to the adjustments for NAV. Immediately after the transaction

No. of ordinary voting shares/units held: 139295166 (Direct Interest); 510935344 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 11.01000000 (Direct Interest); 40.39000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest in the shares arises from its shareholdings in Perennial Real Estate Holdings Pte. Ltd. and Perennial (Capitol) Holdings Pte. Ltd.. The direct and/or indirect interests as a percentage figure of the total number of voting shares immediately before the transaction are derived based on the total issued share capital of the Company, being 1,215,839,937 shares. The direct and/or indirect interests as a percentage figure of the total number of voting shares immediately after the transaction are derived based on the total issued share capital of the Company, being 1,265,102,374 shares.

Remarks
Acquisition of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 139204630 (Direct Interest); 482129774 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 11.45000000 (Direct Interest); 39.65000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest in the shares arises from its shareholdings in Perennial Real Estate Holdings Pte. Ltd. and Perennial (Capitol) Holdings Pte. Ltd.. The direct and/or indirect interests as a percentage figure of the total number of voting shares are derived based on the total issued share capital of the Company as at the date of acquisition, being 1,215,839,937 shares.

Remarks
Acquisition of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 136452630 (Direct Interest); 482129774 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 11.22000000 (Direct Interest); 39.65000000 (Deemed Interest)

HPRY Holdings Limited's deemed interest in the shares arises from its shareholdings in Perennial Real Estate Holdings Pte. Ltd. and Perennial (Capitol) Holdings Pte. Ltd.. The direct and/or indirect interests as a percentage figure of the total number of voting shares are derived based on the total issued share capital of the Company as at the date of acquisition, being 1,215,839,937 shares.